9.24.2008

Natives getting restless now

House.gov is really slow right now. Think some people might be contacting their Representatives?

And a united front from McBama:
Obama, McCain Say Government Must Recoup Bailout Cost

Presidential candidates Barack Obama and John McCain offered a guarded embrace of the Treasury Department plan to rescue ailing financial firms, with both outlining extra conditions and finding themselves in the rare position of competing for attention with Congress.

The two nominees agreed that any proposal to aid U.S. financial markets must include provisions for recouping government money and returning it to taxpayers.

Smells like warrants or contingent equity to me. Let's hope they stick to that position.

I just called my Rep., Brian Bilbray, a moderate/populist Republican, and his office assured me he is very opposed to the bailout.

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Quotations from Chairman Varones

There are very few financial problems that can't be solved by a suitable application of asset bubbles.